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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2019
Summary of Gross Carrying Amount and Accumulated Amortization for Intangible Assets Resulting from Acquisitions

The following table summarizes the gross carrying amount and accumulated amortization for intangible assets resulting from acquisitions (in thousands):

 

 

 

 

 

 

 

Developed

 

 

Customer

 

 

 

 

 

 

 

Trademarks

 

 

Technology

 

 

Relationships

 

 

Total

 

Amortization period (in years)

 

5

 

 

10 – 12

 

 

4 – 12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount at December 31, 2018

 

$

600

 

 

$

8,300

 

 

$

15,039

 

 

$

23,939

 

Accumulated amortization

 

 

(77

)

 

 

(3,978

)

 

 

(8,904

)

 

 

(12,959

)

Intangible assets, net at December 31, 2018

 

$

523

 

 

$

4,322

 

 

$

6,135

 

 

$

10,980

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount at March 31, 2019

 

$

758

 

 

$

9,093

 

 

$

15,745

 

 

$

25,596

 

Accumulated amortization

 

 

(114

)

 

 

(4,201

)

 

 

(9,284

)

 

 

(13,599

)

Intangible assets, net at March 31, 2019

 

$

644

 

 

$

4,892

 

 

$

6,461

 

 

$

11,997

 

Amortization Expense Included in Condensed Consolidated Statements of Operations

The following table illustrates the amortization expense included in the condensed consolidated statements of operations for the three months ended March 31, 2019 and 2018, respectively (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

Cost of revenue

 

$

224

 

 

$

149

 

Selling and marketing

 

 

418

 

 

 

298

 

Total

 

$

642

 

 

$

447

 

 

Estimated Future Amortization Expense of Purchased Intangible Assets with Definite Lives

The estimated annual future amortization expense for purchased intangible assets with definite lives as of March 31, 2019 is as follows (in thousands):

 

2019 (remaining nine months)

 

$

1,926

 

2020

 

 

2,567

 

2021

 

 

1,112

 

2022

 

 

1,112

 

2023

 

 

1,035

 

Thereafter

 

 

4,245

 

Total

 

$

11,997

 

3VR, Thursby and Viscount  
Summary of Carrying Amount of Goodwill Resulting from Acquisition of 3VR, Thursby, and Viscount

The following table summarizes the carrying amount of goodwill resulting from the acquisitions of 3VR, Thursby, and Viscount (in thousands):

 

 

 

Premises

 

 

Identity

 

 

Total

 

Balance at December 31, 2018

 

$

5,796

 

 

$

3,490

 

 

$

9,286

 

Acquisition of business

 

 

1,173

 

 

 

 

 

 

1,173

 

Currency translation adjustment

 

 

(18

)

 

 

 

 

 

(18

)

Balance at March 31, 2019

 

$

6,951

 

 

$

3,490

 

 

$

10,441